DS Smith (LON:SMDS – Get Rating) had its price objective reduced by analysts at JPMorgan Chase & Co. from GBX 594 ($7.28) to GBX 500 ($6.12) in a research note issued on Wednesday, Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 75.99% from the company’s current price.
A number of other research analysts have also recently weighed in on the stock. Citigroup restated a “buy” rating on shares of DS Smith in a research note on Thursday, April 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 510 ($6.25) price target on shares of DS Smith in a research note on Tuesday, May 24th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of DS Smith in a research note on Wednesday, May 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 496.71 ($6.08).
Shares of SMDS stock opened at GBX 284.10 ($3.48) on Wednesday. The company has a debt-to-equity ratio of 65.27, a current ratio of 0.80 and a quick ratio of 0.57. DS Smith has a 1 year low of GBX 277.40 ($3.40) and a 1 year high of GBX 465.97 ($5.71). The firm has a fifty day moving average price of GBX 308.84 and a 200-day moving average price of GBX 340.97. The company has a market cap of £3.91 billion and a price-to-earnings ratio of 15.37.
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
In related news, insider David Robbie bought 10,000 shares of the company’s stock in a transaction on Tuesday, June 21st. The shares were acquired at an average cost of GBX 292 ($3.58) per share, for a total transaction of £29,200 ($35,766.78).
About DS Smith (Get Rating)
DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides outdoor advertising services.
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